From financial repression to external distress: The case of Venezuela by Carmen M. Reinhart and Miguel Angel Santos published by NBER, indicated by Alvaro Manoel (7/2015). “…In line with earlier literature on capital controls, our comprehensive measures of capital flight document a link between domestic disequilibrium and a weakening of the net foreign asset position via private capital flight. We suggest these findings are not unique to the Venezuelan case.”
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